March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue

Read the headline, the government spent 8 times more than it took in, and that is just in March. These people have gone crazy, with our money. If this isn't a recipe for disaster I don't know what is. If nothing else, this should be an indication that the federal budget has to be fixed NOW, not later down the road, because later never comes...

By Terence P. Jeffrey - CNSNews

The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.

That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.

Read the rest at the link above...